Multiple Choice
Exhibit 14A-6 Aggregate demand and supply model
Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 14A-6, the real GDP and price level (CPI) in long-run equilibrium will be:
A) $10 billion and 200.
B) $4 billion and 150.
C) $10 billion and 150.
D) $10 billion and 100.
Correct Answer:
Verified
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